Owning a property and having tenants comes with its own unique set of headaches. But what happens when the tenant happens to be a family member? And what if they’re unable to vacate when you want to sell the property? That’s the situation that Mary found herself in.
Mary Owned an Americana Finmark Condo in Silver Spring, MD
Mary had purchased the property with her daughter, but her daughter unfortunately had recently passed away. After, Mary decided that it was time to sell the condo. She had seen our commercials on TV and decided to contact us and receive an offer. She informed us that the property needed some cosmetic repairs, and we gave her a tentative number. She decided to give here tenant an opportunity to buy the property.
The tenant turned out to be her brother.
She informed us that if her brother was unable to make the purchase, then she’d be more than happy to sell to us. After a few weeks had passed, we contacted Mary again and she informed us that her brother was not going to be able to purchase the condo. She was going to sell to us.
We met with her to do our inspection of the property, and everything was as expected. We solidified our offer and moved forward with the necessary paperwork. In a few days, we had the clear title letter and were ready to close. Mary informed her brother that he needed to vacate to finalize the sale.
However, her brother wasn’t able to immediately vacate.
Mary’s brother had made plans to purchase a new home when the sale of the condo had been finalized. Due to unforeseen circumstances, he didn’t end up buying the new home, and had nowhere to go. Because the sale wasn’t completely closed, we were unable to fully pay Mary. We understand that these things happen, though, and gave Mary a $3,000 advancement, as well as her brother the time needed to find a new place to live. When the tenant finally found a place to live, we fully closed and gave Mary the remainder of her money.
We’ll work with you through any circumstances.
Whether you live in your home or rent it to tenants, we’re ready to work with you to make the selling process as painless as possible. We also pledge to buy your house fast – in as little as 7 days! If you want to get the process started, and get a firm and fair offer over the phone, the contact today at (877) 804-5252 or fill out this form.